The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1887-09-01
we do this a state of ahject slavery
lies before our sons and daughters"
THE MORTGAGE SYSTEM.

THE MORTGAGE SYSTEM.
Among the many evils under
which the agriculture of the south is
laboring and among the serious OBJ
stacles to its progress is the crop
lien and chattel mortgage system
now being part of the business
methods of large portions of the
States here represented. Therefore,
be it
Resolved, that this convention urges
upon the farmers throughout the
south the pressing Importance of
bringing to bear upon the Legislature
of their respective States all legiti'
mate influences which may tend to
give speedy relief to our farmers aud
final abolition to this pernicious and
ruinous system"
FRAUDULENT SECURITIES.
BE it resolved, That we demand a
law making it high crime and mis-
demeanor for any corporation having
it's existence by permission Of the
federal government to issue fraudulent
securities upon ficticious values and
offer the same upon the markets of
this country. We demand that the
law.making powers take early action
upon such measures as shall effec'
tually prevent the gambling in futures
of all agricultural products, pre-
scribing such procedure in trial as
shall secure prompt conviction and
enforcing such penalties IS shall Sc.
cure the most perfect compliance
with the law. We demand of the
government of the United States a
financial policy that will cease hoard
ing unbounded wealth in our national
treasury, thereby holding the rate of
taxation above the needs of govern
ment and the ability of the people.
and deprivipg US Of q just amount
of circulating medium.
COMBINATIONS DENOUNCED.
We urge on the'farmers the necessity
of running their farms economically;
producing all that they can, and buy
ing only such articles as they are
necessarily compelled to have; sell
ing only the surplus"
Whereas, Certain corporations aid
Individuals Lave from time to time,
through certain and peculiar meth.
ods, combined and conspired to de-
stroy or to depreciate the value Of
the agricultural products Of the cot
ton States which conspiracies or com.
binations have resulted to the detri-
ment of agriculture and large fnan.
cial loss to the farmers of the South
ern States
That such combinations and con-
spiracies, in their operations and
effects, result in the robbery of the
producer.
Reference is here especially made
to such speculation or gambling as
that usually termed dealing in
futures" with the prospective cotton
crop as basis.
Also to the operations of the
American Oil Trust company in their
we'll nigh successful effort to crush
out all competition either in the pur-
chase of seed, or the sale of the pro-
ducts thereof, by which process to
monopolize the transactions, in the
cotton seed Of our production al
ready resulting in great loss to our
farmers.
That these are methods of rob-
berry, devised by modern ingenuity,
for the purpose of evading existing
statutes. That they should be char
acterized and as such punished;
therefore, be it
Resolved by this convention, That
the influence of the entire agricultural
population of all the States here con-
vened be brought to bear upon the
legislative powers of our respective
CGdGSS w OCCOlO UIO Cu2CGIuSuu VI
such laws as will properly define
these crimes and furnish commen-
surste penalties therefor.
That a copy Of these resolutions
be furnished to the Legislature of
Georgia, now IN session, and subse-
quently to each Legislature of the
States here represented at its next
session.
TIE COTTON TAX.
We desire that congress shall
pass 3 law returning through the
States, to those entitled to the same,
the money unjustly collected on what
is known as the cotton tax.
Favor q liberal appropriation BY